Judge Rules GM Not Liable for $450 Million in Retiree Benefits

Newswire

  By Jonathan Stempel Dec 11 (Reuters) - A federal judge said General Motors Co is not required to pay $450 million to cover medical benefits for retirees, in a defeat for the United Auto Workers union. In a 36-page decision, U.S. District Judge Avern Cohn in Detroit said on Tuesday that the current GM did not assume any obligation for the payment, which the automaker had contracted to make two years before its June 2009 bankruptcy filing. The payment had been part of a June 2007 ...

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